Much of the bundled loans from Countrywide sold on the secondary market were bought by BofA. During the whole down-turn thing those securities became worthless as people walked from their sub-prime rate loans. That and the purchase of Countrywide has been hard on BofA stock._________________#Arrest44

Yes, but most of the banks own soveriegn debt. Bank stocks have fallen dramatically because of this unknown The mortgage securities may have buyers, but nobody knows whether Greece, Italy Spain or Portugal will default. This alone could put down some of our banks.

It seems the entire western world is bailing itself out with its own printing presses. Boggs? Any thoughts?

In case anybody missed it, .... The worlds growth in population is expected to reach 7 billion by October 31. It is then expected to double that figure by the end of the century!

United Nations demographers are stunned. The figure was only 6 billion as recently as 1999. By 2050 an estimated 2.3 billion more people will be added. (Nearly as many as inhabited the planet in 1950.)

The increase is occuring in Africa and Asia, which are in a period of high birth rates.

Let's see...............

With a little cleverness we can twist and distort this to make it all Obama's fault, even that growth spurt back in '99.

I just watched a WSJ panel discuss the global population panic. They came at the issue from several angles including population density, government policies, food production, etc., all reaching and supporting the same conclusion: Malthus was as wrong as Keynes was, as proven now for almost 200 years in Malthus' case. This whole thing is nothing more than more UN scare tactics dredged up yet again (it crops up every time another generation grows up ignorant of the last time it surfaced) in an attempt to run the world the way IT wants. If all 7 billion were living 4 to a home in Texas, it would still be much less crowded than the Bronx is today, and food production is limited by the world's government's policies, not by production and distribution capacity.

You guys REALLY need stop looking so hard for excuses to spend -- i.e., redistribute -- tens of trillions of dollars, and in particular need to realize that the UN hates the U.S.

So much for the resurgence of the population bomb. In one (among many) expert's words, it fizzled. From the WSJ at
http://tinyurl.com/7uzoy5y comes these excerpts, based on U.S. Census Bureau and U.N. data, from one of his many books:

America's 21st-Century Population Edge
Birth rates are dropping all over the world, often below replacement rates. But not in the U.S.

By BEN J. WATTENBERG

World birth and fertility rates have never fallen so far, so fast, so long, so surprisingly, all across the globe. Except for America.

Seen globally, the population explosion—or what Stanford's Paul Ehrlich called "the population bomb" in the 1960s—is now stone-cold dead.

The U.S. takes in more immigrants than the rest of the world combined.

According to one U.N. projection, the world population will fall to three billion or four billion by 2300 from seven billion today. That steep drop in birth rates includes rapidly developing countries such as India, China and Brazil, plus many Arab and Muslim countries. In these countries, birth rates will soon be, or already are, below "replacement levels"

There's corporate growth too, across industries. The demography in play guarantees that the 21st century, like the 20th, will be an "American Century."

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